Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table provides information about disaggregated revenue by type of product and contract, including our take or pay contracts with initial terms of three to five years (“LTA”) and short-term agreements and spot sales (“non-LTA”):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(Dollars in thousands)
Graphite Electrodes - LTAs	$	66,344	$	212,087	$	212,579	$	683,858
Graphite Electrodes - Non-LTAs	88,629		79,710		246,726		296,954
By-products and other	4,019		12,043		24,050		52,919
Total Revenues	$	158,992	$	303,840	$	483,355	$	1,033,731

Contract with Customer, Contract Liability

Current deferred revenue is included in “Other accrued liabilities” on the Condensed Consolidated Balance Sheets. The following table provides our contract liability balances as of September 30, 2023 and December 31, 2022:

	September 30, 2023		December 31, 2022
	(Dollars in thousands)
Current deferred revenue	$	25,122	$	27,878

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

The revenue associated with our LTAs is expected to be approximately as follows for the full years of 2023 and 2024:

	2023	2024
	(Dollars in millions)
Estimated LTA revenue	$245-$255	$100-$135(1)

(1) Includes expected termination fees from a few customers that have failed to meet certain obligations under their LTAs.